Nassau Financial Group, L.P. announced that it has become a signatory of the United Nations-supported Principles for Responsible Investment. The PRI is an international organization that works to promote the incorporation of environmental, social, and corporate governance factors (“ESG”) into investment decision-making.
“These Principles provide us with a practical framework to better align our investment strategies with broader objectives of society while remaining consistent with our responsibilities to Nassau’s constituents”
“We are pleased to join the PRI initiative as yet another step as Nassau continues our commitment to act responsibly for ESG issues and in the best long-term interests of our policyholders, clients, and investors,” said Phil Gass, Nassau’s Chairman and CEO.
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“These Principles provide us with a practical framework to better align our investment strategies with broader objectives of society while remaining consistent with our responsibilities to Nassau’s constituents,” said David Czerniecki, Nassau’s Chief Investment Officer.
The six Principles are to:
- Incorporate ESG issues into investment analysis and decision-making processes;
- Be active owners and to incorporate ESG issues into our ownership policies and practices;
- Seek appropriate disclosure on ESG issues by the entities in which we invest;
- Promote acceptance and implementation of the Principles within the investment industry;
- Work with the PRI Secretariat and other signatories to enhance their effectiveness in implementing the Principles; and
- Report on our activities and progress towards implementing the Principles.
“We are pleased to welcome Nassau as a signatory to the PRI. Responsible investment is well established as a tool to manage risk and to allow investors to identify and deliver long-term risk-adjusted returns for their beneficiaries. The cumulative efforts of PRI’s signatories are contributing to a financial system that’s better for investors, and we welcome Nassau’s efforts towards this shared goal,” said David Atkin, CEO at the Principles for Responsible Investment.
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Nassau’s asset management business currently oversees $22.1 billion in AUM, of which $9 billion is third-party capital, managed across the company’s investment affiliates. They include Nassau Corporate Credit, Nassau Private Credit, Nassau Alternative Investments, Nassau CorAmerica, Angel Island Capital, and a non-controlling minority interest in Balance Point Capital Advisors.
Joining the PRI is the latest expansion of Nassau’s ESG program. The program is based on the objective of delivering added value to the company, investors and customers, communities, and other stakeholders by facilitating reduction of costs, increased productivity, and optimization of our investments and assets. All efforts are focused on sustainability, efficiency, credibility, and conducting business with integrity and a risk-centric mindset while considering environmental, social, and governance factors. Nassau’s six ESG priorities areas include: Risk Management, Investment Management, Climate Change Risk, Cybersecurity, Diversity Equity and Inclusion, and Governance.
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